Gary Savage
@garysavage1
President of the smart money tracker investing newsletter, and advocate for the return of common sense to a world that is badly in need of it.
Notice that while gold has been churning since April silver has been rising, and in my opinion, breaking the cartel suppression. I don't think silver will stay trapped below $40 for very long, and once gold starts the next leg up silver could even reach $50 this year. I might…
There are two scenarios where countries are at risk of sliding into socialism (you would think failure after failure after failure we would have learned our lesson). The first one is during times of economic decline. Recessions and depressions. A big swath of society is hurting.…
Ever since the cartel suppression broke in the gold market last year ICL's (intermediate degree corrections) have changed. They no longer form as deep scary pullbacks powered by premarket and middle of the night attacks to trigger escalating selling pressure. Instead they now…
If you can ignore the short term wiggles the long term picture still has a long long way to go. Remember the rule: The bigger the base, the higher in space. Almost 13 years building this base. $10,000 should be a piece of cake.
It's about time for the war cycle to start heating up again. That should put a top in the stock market rally, which is getting late in the intermediate cycle. Possibly by next week stocks will start the declining phase of the intermediate cycle with a bottom due sometime in early…
Instead of correcting back down miners are churning below this resistance level. That suggests a breakout is coming. Since gold is already 13 weeks into this consolidation it's probably coming soon.
Silver finally reached my piece of cake $40 target (the banks sure managed to suppress it a lot longer than I expected with a little help from the stock market crash in April). As expected there will be some resistance at this round number, but it looks like the silver squeeze…
If the cartel can't slow down the squeeze at $40 the next resistance zone is all the way up at $44.
The average retain trader/investor is in this business to get rich quick. Unfortunately that approach, especially for retail traders that are mostly unable to control emotions and often overtrade, usually results in getting poor quick. If you just hold physical gold and silver…